Abu Dhabi-Abu Dhabi National Oil Co. (ADNOC) said it has earmarked $15-billion for projects to progress world-scale de-carbonization of its operations by 2030. Following guidance by its board of directors to accelerate delivery of its low-carbon growth strategy and the approval of its Net Zero by 2050 ambition, ADNOC plans to advance a range of projects across its diversified value chain, including investments in clean power, carbon capture and storage (CCS), further electrification of its operations, energy efficiency and new measures to build on the company's policy of zero routine gas flaring.
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